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Central Bank of Malta

Coordinates:35°53′44″N14°30′35″E / 35.8955568°N 14.509722°E /35.8955568; 14.509722
From Wikipedia, the free encyclopedia
Monetary authority for Malta
Central Bank of Malta
Bank Ċentrali ta’ Malta
HeadquartersBinja Laparelli,St James’s Counterguard,Valletta
Coordinates35°53′44″N14°30′35″E / 35.8955568°N 14.509722°E /35.8955568; 14.509722
Established17 April 1968; 57 years ago (1968-04-17)
Ownership100%state ownership[1]
GovernorAlexander Demarco
Central bank ofMalta
Reserves400 million USD[1]
Websitewww.centralbankmalta.org
The Central Bank of Malta still exists, but many functions have been taken over by the ECB.

TheCentral Bank of Malta (Maltese:Bank Ċentrali ta’ Malta) is thenational central bank forMalta within theEurosystem. It was the Maltesecentral bank from 1968 to 2007, issuing theMaltese lira.

The Central Bank of Malta Act was originally published by means of Act XXXI of 1967, succeeded theBoard of Commissioners of Currency of Malta which had been in operation since 1940. It has been amended a number of times, most recently by Acts I and IV of 2007 in order to provide for the bank's membership within the Eurosystem.[2]

The Central Bank of Malta is not itself afinancial supervisory authority but participates inEuropean banking supervision as a member of theSupervisory Board of the European Central Bank, alongside theMalta Financial Services Authority.[3] It is also a member of theEuropean Systemic Risk Board (ESRB).[4]

Building

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The Central Bank of Malta is located in an early 20th-century building. Completed in 1924 as theVernon Institute, or Vernon Club. The bank occupied the building since 1967, but made arrangement for the lease of the premises in 1968, with a contract lasting almost hundred years. The interior was eventually demolished in 1968, keeping the façade, to be redeveloped and housing the present Central Bank of Malta. In 2004, the building was bought from theGovernment of Malta by the bank.[5]

Governors

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Governors of the Central Bank of Malta since 1968.[6]

See also

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References

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  1. ^abWeidner, Jan (2017)."The Organisation and Structure of Central Banks"(PDF).Katalog der Deutschen Nationalbibliothek.
  2. ^"CENTRAL BANK OF MALTA ACT".www.justiceservices.gov.mt. Retrieved21 September 2019.
  3. ^"Supervisory Board".European Central Bank. Retrieved21 November 2025.
  4. ^"List of ESRB Members and National Macroprudential Authorities".European Systemic Risk Board. 21 November 2025.
  5. ^"History of premises - Central Bank of Malta".www.centralbankmalta.org. Retrieved21 September 2019.
  6. ^"Governors past and present - Central Bank of Malta".www.centralbankmalta.org.

Further reading

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External links

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